36,162 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 36,162 shares of the software maker’s stock, valued at approximately $10,473,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC lifted its stake in MicroStrategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after purchasing an additional 35 shares during the last quarter. Versant Capital Management Inc lifted its stake in MicroStrategy by 38.2% during the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after purchasing an additional 39 shares during the last quarter. Masso Torrence Wealth Management Inc. lifted its stake in MicroStrategy by 1.8% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock worth $885,000 after purchasing an additional 55 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in MicroStrategy by 3.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock worth $603,000 after purchasing an additional 65 shares during the last quarter. Finally, Means Investment CO. Inc. lifted its stake in MicroStrategy by 2.2% during the fourth quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker’s stock worth $915,000 after purchasing an additional 67 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the transaction, the executive vice president now owns 6,460 shares in the company, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now owns 6,970 shares in the company, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,050 shares of company stock valued at $16,314,110 in the last 90 days. Insiders own 9.16% of the company’s stock.

MicroStrategy Trading Down 3.3 %

MSTR opened at $325.46 on Friday. The business has a 50 day simple moving average of $356.27 and a two-hundred day simple moving average of $254.50. The firm has a market capitalization of $78.00 billion, a price-to-earnings ratio of -154.47 and a beta of 3.25. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. MicroStrategy Incorporated has a one year low of $46.75 and a one year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MSTR. BTIG Research lifted their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Compass Point raised MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Cantor Fitzgerald lifted their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday. Maxim Group boosted their target price on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $544.78.

MicroStrategy Company Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.